I have a question for you…
When was the last time you visited the library?
Unless you’re currently going to college, chances are it was more than a decade ago.
Yet, before the internet, it was a common thing to visit the library once or twice a week.
As a kid, I always looked forward to those visits, picking up new books, road maps, maybe an encyclopedia.
Studies show that library usage in the developed world has fallen 30% to 40% in the last decade. Over the same time, the number of global internet users has nearly doubled.
We are in a transitionary period not seen since the beginning of the 20th century… and we call it the third industrial revolution.
The internet and digitalization are transforming not just the way we gather information and interact with each other, but also how we interact with devices…
And, more important, how devices interact with each other.
The Internet of Things (IoT) promises to connect electronic devices into a global network, where they will be able to operate and communicate without human interaction.
Here’s the catch, none of it will be possible without artificial intelligence (AI)… and that creates a tremendous profit opportunity.
However, I want you to think about the 19th-century California Gold Rush. It wasn’t the prospectors who made the real money. It was the guys who sold the prospectors shovels.
It will be the same during the third industrial revolution.
AI’s Increasing Demand For Computational Power
In 2015, the number of connected devices (IoT) was 15.41 billion. By 2025, that number is projected to grow to 75.44 billion, nearly five times as much.
With all these devices coming online and generating data, humans will have to develop increasingly complex AI systems, which, in turn, will require more and more computational power to process all the data.
One group that is going to profit from this is the chipmakers. The chip is an essential part of every electronic date-crunching device.
This is a perfect trade.
I suggest you look at companies like Intel (NASDAQ: INTC), Qualcomm (NASDAQ: QCOM), and Taiwan Semiconductor (NYSE: TSM).
Intel is an integrated device manufacturer producing motherboard chipsets, network interface controllers, and integrated circuits. The company’s processors are a standard in laptops worldwide.
Qualcomm produces wireless telecommunications equipment. Their patented code division multiple access (CDMA) technology is used worldwide and was integral in developing single international standards for wireless communications.
Taiwan Semiconductor is a pure-play semiconductor foundry, fabricating integrated circuits for large multinationals, such as Apple, Nvidia, Qualcomm, and others.
Machines Doing Business With Machines
Three years ago, there were 1.32 billion digital buyers worldwide. Forecasts show that in the next three years that number will increase to 2.14 billion.
What about the machines?
When AI and IoT become a reality, the number of transactions among devices could easily surpass those made by people. In the future, payments will become an integral part of IoT communications… and there’s a way to profit from this.
As the number of digital buyers increases, so does the demand to facilitate all the transactions, and the industry that stands to benefit the most is the payment providers.
I suggest you consider the growth potential of companies like Visa (NYSE: V), Global Payments (NYSE: GPN), and PayPal (NASDAQ: PYPL).
Visa is a financial services corporation facilitating electronic payments worldwide through credit cards, debit cards, and gift cards. The company operates the world’s largest retail electronic payments processing network, capable of handling 150 million transactions per day and more than 24,000 transactions per second.
Global Payments is a payment processing provider, meaning it allows merchants to accept credit and debit cards in return for a percentage of the transaction value. The company processes roughly 6 billion transactions annually for 1 million merchants.
PayPal is the most widely spread online payments and money transfers provider. It’s so popular that it processes nearly 10 billion transactions per year for 254 million users.
Lithium—The Fuel Of The Future
For all the devices to function correctly and communicate with each other without interruption, we’re going to need a lot of power, particularly in the form of rechargeable batteries.
Analysts are convinced that the demand for rechargeable batteries should increase by 379% by 2025. And the growth will not come only from electronic devices, but also from electric road vehicles, marine vessels, and large battery energy storage systems (BESS).
BESSs are essential for the functioning of renewable energy sources. They store energy from wind farms in grids made out of large rechargeable batteries.
To profit from this demand, I want you to think one step further again.
What’s the one thing researchable batteries can’t function without?
Lithium… and lots of it.
Rechargeable lithium-ion batteries are one of the great technological miracles of our time, and they power nearly all of our mobile electronic devices.
Because of this, the demand for lithium has skyrocketed and is showing no signs of slowing down.
From the deserts of South America to the rocky formations of Western Australia, miners are scrambling to claim as much of the resource as possible. The success of one company, in particular, is gaining a lot of attention, as it has already acquired all the best assets.
I talk about this company, as well as the vital role lithium will play in the future of our civilization, in “How To Profit In The Age Of Lithium,” a special report available free to subscribers of my True Retirement Wealth.